GBP/USD: Sustained push back above 100-DMA at 1.2017 should enhance the rebound – Scotiabank GBPUSD Banks UnitedKingdom GDP
“Jan industrial and manufacturing activity was a little weaker than expected but service sector growth was stronger, driving a 0.3% gain in monthly GDP, above the 0.1% gain expected. The data suggest the UK economy may hold up better than most have been expecting in the early part of this year and might possibly avoid a recession.”
“A sustained push back above 1.2017 should enhance the Pound’s rebound but that may be a bit of a reach in the short run, with trend signals tilted bearishly for the GBP on daily and weekly studies.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
US Dollar Index Price Analysis: DXY fades bounce off 100-DMA inside bullish channelUS Dollar Index Price Analysis: DXY fades bounce off 100-DMA inside bullish channel DollarIndex RiskAppetite Technical Analysis SwingTrading ChartPatterns
Lire la suite »
EUR/USD Price Analysis: 100-DMA, Doji candlestick prod bears around mid-1.0500sEUR/USD Price Analysis: 100-DMA, Doji candlestick prod bears around mid-1.0500s EURUSD Technical Analysis ChartPatterns Candlesticks SupportResistance
Lire la suite »
USD/CHF Price Analysis: Struggles at 0.9400 and drops beyond the 100-DMAThe USD/CHF reverses its upward course and trims some of its weekly gains after the pair was shy of testing the 200-day Exponential Moving Average (EM
Lire la suite »
GBP/USD Price Analysis: Manages breath above 1.1900, downside seems favoredThe GBP/USD pair is displaying a back-and-forth action in a narrow range of 1.1904-1.1940 continuously from the late New York session. The Cable has t
Lire la suite »
Jose Gonzalez found guilty of murdering EMT Yadira Arroyo in 2017The man who was accused of killing FDNY EMT Yadira Arroyo in 2017 was found guilty of first degree murder on Wednesday.
Lire la suite »
Jury deliberating if Saipov gets death penalty after killing 8 on NYC bike path in 2017Jurors will have to agree unanimously that he should be put to death or the 35-year-old former Paterson, New Jersey, resident will spend the rest of his life in a high-security prison.
Lire la suite »